01/02/2018

No Change has been propose Income Tax Slab Rates - Cess Increased to 4%

NO CHANGE HAS BEEN PROPOSED IN PERSONAL INCOME TAX SLAB RATES; CESS INCREASED TO 4 PER CENT

The Finance Minister, Mr. Arun Jaitley, presented the Union Budget for the year 2018. It is the last full budget presented by him before the general election to be held next year in 2019. As expected, various amendments are proposed in tax laws to provide relief to the common man as well as corporates.

Key takeaways from Budget Speech are given here under:

Standard deduction of Rs. 40,000 for salaried employees in lieu of transport and medical expenses: FM